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homeowners in foreclosure: How long will it take to reestablish credit history after a bankruptcy, short sale or foreclosure?
- 08/15/08 12:17 PM
With this Announcement, Fannie Mae is introducing several new and updated policies that pertain to the following topics:
· Bankruptcy and foreclosure policies: updates to manual underwriting requirements
for borrowers with prior bankruptcy or foreclosure actions in their credit history, including deeds-in-lieu of foreclosure and preforeclosure sales,
· Conversion of principal residence to second home or investment property: new
requirements for borrowers who are purchasing a new principal residence, and intend to convert their existing principal residence to a second home or investment property, and
· Representation and warranty requirements: revised property value representation
and warranty requirements for mortgage loans … (0 comments)
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With this Announcement, Fannie Mae is introducing several new and updated policies that pertain to the following topics: 
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